The Civil Society for Poverty Reduction is concerned that the treasury gets peanuts from exports of mining products despite the nation recording over 80% of foreign exchange earnings from the mines.

Organization Executive Director Patrick Nshindano says it is worrying that this year alone, the treasury only got about 6% from the over 80% exports from the mines saying the nation should start benefiting from these natural resources.

Speaking in an interview with Money FM News, Mr. Nshindano says if there is one component that has pleased his organization is the changes made to the tax regime saying if well implemented, the nation will get the much needed revenues.

He says this may help the nation in reducing the high poverty levels.

“When you look at the 2019 national budget, one thing that has pleased us is the new tax regime. You may realize that for a long period of time we have not benefited from these natural resources. I believe it’s high time we benefitted as a country,” he said.

Mr. Nshindano has also encouraged the government not to make changes to the mine tax system even if the mining sector objects these changes.

He has emphasized that the investors who are not happy with these changes should consider pulling out as the government looks for other viable